Why Can’t Malaysia Win Gold Medals? How Are Olympics & Economics Related?

Regardless of providing a RM6 million incentive for a gold medal, Malaysia stays the one founding ASEAN nation but to attain Olympic gold.

So what’s the precise motive holding us again? Research present that elements like GDP development, unemployment, and healthcare spending correlates with nation’s Olympic efficiency!

Even with out a gold medal, we’re extraordinarily happy with our Malaysian athletes for bringing dwelling two bronze medals from the 2024 Olympics! 🥉 Financial system Rice wish to take this chance to congratulates Lee Zii Jia, Aaron Chia and Soh Wooi Yik for his or her unbelievable efficiency in badminton males’s singles and doubles! 🏸🥉

Now let’s dive in and discover the financial challenges behind the gold medal hole!🥉🥉

00:00 Introduction
02:00 Solely 16 medals from ASEAN area
03:28 Analysis on Financial Progress and Olympic efficiency
06:45 We spend probably the most however nonetheless no Gold
08:45 Well being expenditure
12:35 Sports activities expenditure
16:50 Financial incentives & company bonuses
22:00 Infrastructure
27:30 Coverage brilliant spots

Sources:
(1) Olympic medals and demo-economic elements: Novel predictors, the ex-host impact, the precise position of crew measurement, and the “population-GDP” mannequin revisited
https://www.sciencedirect.com/science/article/abs/pii/S1441352311000489

(2) The Miracle on Skinny Ice: How A Nation’s GDP Impacts its Olympic Efficiency
https://repository.gatech.edu/server/api/core/bitstreams/1aa2b537-c3de-4177-8295-3fcd3a03a965/content#:~:textual content=Inpercent20thispercent20paperpercent2Cpercent20wepercent20compare,bronzepercent20medalspercent20apercent20countrypercent20receives.

Instagram: https://www.instagram.com/economyricepodcast
Tiktok: https://www.tiktok.com/@economyrice
Fb: https://www.facebook.com/profile.php?id=61558264106263

We’re streaming on Spotify too!
Spotify: https://spoti.fi/3VWqZjs

For enterprise & collaborations enquiries, do contact us at economyricebowl@gmail.com.

The content material supplied is meant solely for academic and leisure functions. Prior to creating any funding selections, it’s endorsed to hunt steerage out of your monetary advisor.

#olympics #olympics2024 #financial system #olympicgold #gdp #healthcare #leeziijia #aaronchia #sohwooiyik #economyrice #podcast #malaysiaboleh #economicimpact

source